Today Bitcoin has created another historical even by crossing $7000 mark and making new ATH at $7230 at the time of writing this article. If you're a crypto enthusiast and closely monitors the crypto market, then you must be aware of the fact that Bitcoin was rising consistently from $5750 level on 28th October to the new all time high at $7230 today.

These 6 days, Bitcoin remained too bullish and still standing strong at $7000. The reasons of this steep rise were many but the main reason was CME group corporations announcement that they're going to start trading Bitcoin's futures by the end of the year.

CME Group is the world's largest futures and options exchange. They recently announced that they are going to start Bitcoin's futures by the end of this year and right now awaiting for regulatory approval by the Government.

CME group is also the owner of Chicago Mercantile Exchange, New York Mercantile Exchange and part of DOW Jones indices along with being the largest exchange of Future and Options trading.

Let's Now Discuss The Bitcoin's Future

Well, along with Bitcoin Futures, the Bitcoin ETF may also be soon introduced by the Wall Street. As the Bitcoin received the Wall Street approval for Future Trading, it may also receive the approval for Options and ETF's as well.

If we look at the market Capitalisation, current Bitcoin market capitalisation stands at approximately $110 Billion as of now which is still very menial as compared to the $639 Trillion market of derivatives. But as the Bitcoin's popularity will rise, so will its acceptance for sure.

Currently, Bitcoin might see the $7500 level soon enough if it remain continue over to its journey on the Bullish run.

https://steemitimages.com/DQmbnZ2AiHobAJ3gQzUYnjCbTGDE1nwwEJFcVVLxvApjx28/btccc.png

Let's Hope for the best and I would advise all of the crypto investors to keep your investment safe and use stop loss orders to limit your loss.

Thanks for reading ...!!

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